[ad_1] IT giant Infosys has been hit with a $225 penalty by the Nevada Department of Taxation for allegedly underpaying modified business taxes in the state, according to a report by The Economic Times. The penalty relates to a shortfall in payments for two quarters, spanning from Q4 2021 to Q1 2022, according to a…
[ad_1] Accenture, Tata Consultancy Services (TCS), and Infosys have continued to up their brand value and dominance in the IT industry, according to the latest Brand Finance 2024 report. This is despite disruptions caused by newer technologies and a tepid growth environment. The three IT services giants topped the list of world’s most valuable IT…
[ad_1] Growth in India’s information technology (IT) sector is expected to bounce back in the next fiscal year, according to experts. However, the recent performance of the country’s top four IT companies in the third quarter has not instilled much confidence, says an ET report.Although IT companies showed little improvement in market confidence following the…
[ad_1] MUMBAI: The sensex and Nifty on Friday hit new life-highs mainly due to investors snapping up leading software stocks.After scaling a new peak at 72,721 points in late trades, the sensex closed at 72,568, up 847 points or 1.2%, with Infosys, one of the technology bellwethers, closing nearly 8% up. On the NSE, Nifty…
[ad_1] Infosys Q3 results: IT giant Infosys reported a consolidated net profit of Rs 6,106 crore for the quarter ended December 2023, showing a 7% decrease compared to the previous year’s quarter. This figure was slightly below the estimated profit of Rs 6,140 crore according to ET NOW poll.The revenue from operations in the third…
[ad_1] NEW DELHI: Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. “On the domestic front,…
[ad_1] India’s equity benchmark indices experienced a downturn in early trade on Tuesday, influenced by weak trends in Asian markets and a continuation of foreign fund outflows. This decline comes as investors chose to book profits following a recent sharp rally in the markets.The 30-share BSE sensex is down by over 500 points and is…
[ad_1] NEW DELHI: The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally.Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28.Equity markets…
[ad_1] It seems to be full blown poaching wars at Indian IT giants. Just days after Indian IT major Wipro sued two of its senior executives for joining Cognizant, rival IT giant Infosys too has made a kinda similar move. The country’s second largest IT services firm Infosys has reported to have accused Cognizant of…
[ad_1] IT giant Infosyshas rolled out the long-awaited salary hike letters to employees. The increment letters were sent just a day ahead of the mega ‘Stellar Saturday Culture Carnival’ event that Infosys hosted for employees on December 16. The event was held at several of the company’s campuses across India. The salary revision letters also…
